Though progress is on the way toward and energy deal with China at the China-US Economic Dialog, with the changing administration, the stakes just got higher for China. Grist reports that:
China is pursuing cleantech so aggressively that, were it not for the election of Obama, they would have been a lock to be the global leader in the clean energy production and export.
The Wall Street Journal contends that:
The transition in the U.S. government make it close to certain that the discussions won’t yield breakthrough agreements on issues such as currency reform. U.S. President-elect Barack Obama hasn’t said whether he will continue the semiannual Strategic Economic Dialogue, which was conceived by U.S. Treasury Secretary Henry Paulson.
But for Cleantech industries, it’s all good!